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Transferring ISA's

sbtar
sbtar Posts: 6 Forumite
Part of the Furniture First Post Combo Breaker
edited 20 July 2023 at 8:19AM in ISAs & tax-free savings
Hello all. What are the rules on transferring ISA's? I have a standard easy access ISA and a stocks and shares ISA, which I opened this year. Can I transfer into a new ISA even though I have used up my allowance for this tax year?

Comments

  • luvchocolate
    luvchocolate Posts: 3,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    I've asked for this to be moved 
  • Ectophile
    Ectophile Posts: 7,673 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    There's a limit to how much new money you can pay into a new or existing ISA every year.  But transferring an existing ISA to another one doesn't count against that limit.  If you think that an ISA is under-performing, you can move it to another as often as you like.

    Make sure you transfer the ISA.  Don't withdraw the money and then try to pay it into another ISA.
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
  • MSE_ForumTeam5
    MSE_ForumTeam5 Posts: 1,139 Community Admin
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Moved as requested
    Official MSE Forum Team member. Please use the 'report' button to alert us to problem posts, or email forumteam@moneysavingexpert.com
  • jnorth55
    jnorth55 Posts: 20 Forumite
    Fourth Anniversary 10 Posts
    Moved as requested
    where has it moved to?
  • refluxer
    refluxer Posts: 2,981 Forumite
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    edited 20 July 2023 at 1:08PM
    jnorth55 said:
    Moved as requested
    where has it moved to?
    The ISAs & tax-free savings forum but if you were able to reply, then presumably you knew that already :D
  • Slinky
    Slinky Posts: 10,484 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    refluxer said:
    jnorth55 said:
    Moved as requested
    where has it moved to?
    The ISAs & tax-free savings forum but if you were able to reply, then presumably you knew that already :D
    Not necessarily, if s/he is following their own thread s/he will have probably come here following the Notification alert, as have I from following the thread.
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